Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against OKX+0.428%7-day average +0.273% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.428%, 7d avg +0.273%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.155% dearer against OKX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.273%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PENGU-USDT-SWAP	0.009119	0.0100	pay 0.0050% / 4h	35m 42s	$8.1M	$56.3M	50x
Short	HTX PENGU-USDT	0.009158	0.0100	get 0.0050% / 4h	35m 42s	$95K	$414K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee HTXbpOrdersPrice spread, now +0.428%Rate

Funding earned: $0
Price spread: +0.428% → +0.273%: $15.49
Slippage, 4 orders: −$58.8
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$65.31
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; HTX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	0.55 bp	9.8 bp −$10	23.9 bp −$239	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	10.39 bp	42.8 bp −$43	doesn't fit	doesn't fit	doesn't fit

PENGU on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009153	+0.368%	$34K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−3.619%	$3K	$117K	5.5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009135	+0.175%	$330K	$772K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009131	+0.134%	$643K	$1.1M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009145	+0.285%	$9.3M	$16.4M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009137	+0.197%	$144K	$716K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009129	+0.110%	$138K	$265K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009132	+0.142%	$40.1M	$192.6M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009116	−0.033%	$24.5M	$45.1M	75x	as long as short
OKX PENGU-USDT-SWAPlong	+0.0100%	4h	0.009119	long leg	$8.1M	$56.3M	50x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PENGU-USD	+0.0100%	1h	0.009130	+0.121%	$18K	$25K	5x	as long as short
Gate PENGU_USDT	+0.0100%	4h	0.009131	+0.132%	$3.7M	$17.7M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009125	+0.066%	$10.9M	$13.0M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009127	+0.088%	$5.0M	$10.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009124	+0.055%	$8.8M	$14.2M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009112	−0.077%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009139	+0.219%	$305K	$376K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009132	+0.139%	$959K	$1.1M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009141	+0.241%	$476K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.009152	+0.362%	$80K	$252K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009157	+0.417%	$24K	$272K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009373	+2.785%	$3K	$2.2M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009146	+0.296%	$1K	$5K	5x	as long as short
HTX PENGU-USDTshort	+0.0100%	4h	0.009158	+0.428%	$95K	$414K	25x
Extended PENGU-USD	+0.0104%	1h	0.009122	+0.030%	$187K	$742K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009147	+0.307%	$211K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0240%	1h	0.009138	+0.207%	$309	—	10x	as long as short
01 Exchange PENGUUSD	+0.0328%	1h	0.009133	+0.154%	$209	$41	5x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009146	+0.296%	$1.6M	$5.0M	75x	as long as short
dYdX PENGU-USD	+0.0362%	1h	0.009132	+0.144%	$12K	$6K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0406%	1h	0.009159	+0.439%	$1K	$29K	10x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0435% / S −0.0352%	1h	0.009150	+0.340%	$105K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0534%	1h	0.009153	+0.368%	$345K	$2.6M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.1928%	1h	0.009196	+0.844%	$81K	$74K	50x	as long as short